NIO Aims To Collect About 1.35 Billion Singapore Dollars From New ADS And Share Sale
SGX Filings09-11
NIO Inc. (NIO) announced an offering of 160.8 million American Depositary Shares and 21.0 million Class A ordinary shares to raise roughly 1.35 billion Singapore dollars in net proceeds.
The company set the price at US$5.57 per ADS and HK$43.36 per ordinary share, and granted underwriters a 30-day option to purchase up to 27.3 million additional ADSs. Morgan Stanley, UBS Investment Bank and Deutsche Bank are acting as joint book-runners.
NIO expects the ADSs to be delivered on Aug, 11 2025, and the Class A ordinary shares to settle through Hong Kong’s CCASS system on Aug, 17 2025.
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